LIC files draft papers for India’s biggest IPO

New Delhi, 13/2: State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator for an initial public offering (IPO) that is widely expected to be the country’s largest public

The IPO by India’s largest insurer will offload 31.6 crore shares, according to the draft prospectus dated February 13.


The embedded value of the shares is estimated to be Rs 5,39,000 crore.

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